45 days ago by James Penstone

Image by bobster855 (flickr.com Some rights reserved ) All economies need to answer the three basic questions which result from the fact of scarcity: What to produce How to produce For whom to produce For a planned economy, we need to reserach the following: a) How it works – how does it anser the t ...

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195 days ago by Steve Latter

An economics professor at Texas Tech said he had never failed a single student before but had, once, failed an entire class. That class had insisted that socialism worked and that no one would be poor and no one would be rich, a great equalizer. The professor then said ok, we will have an experiment ...

Welker's Wikinomics Blog - welkerswikinomics.com/blog · 26 references

234 days ago by Troy Fernandez

In our volatile financial times you must know key economy related words and their definitions to fully grasp the United States, and the rest of the world’s true economic situation. Chapter 2: Brain Drain – The loss of the best and brightest people to other countries. Business Cycles – The periodic r ...

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